Amendment status not verified — confirm the current text below against the official source.
'‘Effect ol 165.(1) From the dale the Assam Local Sclf-Govern- repeal. irient Act, 1953 is repealed under sub-section (1) of Sec tion 163 of this Act, all the assets including the Local Assam Ac XXV of 1953 4 Board Fund belonging to any Local Board and such other liabilities as may have been incurred, in the discharge of the legitimate function by such Board, established under the Act repealed, shall vest in the Deputy Commis sioner or the Subdivisional Officer, as the. ease may be, who shall hold the assets in trust, until these are made over in accordance with the order of the State Govern ment or such officer or officers as the State Government may appoint in this behalf, to the Ivlohkuma Parishad ot to the Anchalik Panchayat or to the Ad hoc Mohkuma Parishad Committee or to the Ad-hoc Anchalik Pancha yat Committee or to the Gaon Panchayat established under this Act in the area over which the Local Board, to whom the assets belonged had jurisdiction. 5 (2) 'Pill such date as the assets and the liabilities of the Local Board are made over in accordance with sub-section(l), the Deputy Commissioner or the Subdi visional Officer, as the case may be, shall, notwithstand ing the repeal of the Assam I.ocal Self-Government Act, 1953, perform and exercise all duties and powers assigned to the Board under the Act so repealed.” Repeal Saving. au<l